Uzbekistan has become the latest gateway to join DP World’s World Logistics Passport (WLP), connecting it to the network of the world’s first freight loyalty scheme across Asia, Africa and Latin America.
The UAE-based global operator DP World said the WLP is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access and provide economic efficiencies to members, while with its global presence, it is providing benefits to members such as priority handling and faster clearance, helping to reduce supply chain costs and increase trade volumes.
The WLP will bring increased traffic and revenues for Uzbekistani traders, will increase the visibility of Uzbekistan to the WLP global network and will boost global connectivity, according to a statement.
With the World Bank predicting that the country’s economy will grow by 4.8% in 2021, this partnership is set to spur trade between Uzbekistan and the world.
As a Gateway, Uzbekistan will be able to access the benefits of the WLP when trading via the UAE, where it joins a network of Hubs and many other Gateways that span Latin America, Asia, the Middle East, and Africa.
Other countries that are part of the WLP network include India, Kazakhstan, Thailand, Brazil, Senegal, South Africa, and the UAE, amongst others.
“Our program helps countries grow their economies and create jobs by boosting trade, and making their products more competitive and accessible through more efficient supply chains,” said Mahmood Ahmed Al Bastaki, Chief Operating Officer at DT World and General Manager of the WLP. “As Uzbekistan continues its export-driven economic program, traders in the country will now be able to expand and discover opportunities through our network of Hubs and Gateways across Latin America, Asia, Africa and the Middle East.”
H.E. Laziz Kudratov, First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan, stated, “WLP membership is great news for traders and freight forwarders who will benefit from a network of multimodal trade Hubs across the global South by delivering time- and cost- efficiencies.”
